SKM INVESTMENT

2022-02-18 08:32:20 Banknifty 38000 ce @310 Open / Comment

2022-02-18 08:09:04 SRHHPOLY ( SREE RAYALASEEMA ) @349 TGT500++ FOR INVESTMENT Open / Comment

2022-02-18 07:47:09 Manapuramfinance 125 ce @3.70 tgt5++ sl2.70 Open / Comment

2022-02-18 07:45:15 Banknifty 38000 ce @310 Open / Comment

2022-02-18 07:07:23 Vaibhaveglobal @439 tgt500++ sl415 short term Open / Comment

2022-02-18 06:07:41 ·         Ram Info Ltd has been Empaneled with the “Rajasthan Knowledge Corporation, a Joint Venture formed by the State of Rajasthan alongside multiple others and promoted by the State of Rajasthan, said company.- positive
·         Credit Rating Agency, CRISIL Limited, has assigned rating for bank loan facilities of Avenue Supermarts Limited (DMart). The rating on bank loan facilities of Rs500 crore (earlier limit Rs585 crore) has been reaffirmed at CRISIL AA+/Stable.- positive
·         Century Textiles to raise Rs250 crore through issuance of NCDs – positive
·         Brickwork upgrades long-term credit rating of AGI Infra. The credit rating agency has given BWR BBB+/ Stable rating to the long-term credit facilities of the company.- positive
·         Best Agrolife-led arm Best Crop Science gets license to manufacture Spiromesifen Technical – positive
·         Ultracab (India) expects Rs35-40 crore business from Indian Railways. The Company has participated in tender of Indian railways of amount Rs800 crore and expects Rs35 to 40 crore business in upcoming financial year. - positive
·         Deepak Spinners - ICRA has assigned the ratings to the credit instruments of Deepak Spinners Ltd. According to the rationle report, long-term bank ratings has been assigned at [ICRA] A- (Stable) – positive
·         Jubliant Pharmova - Fitch Ratings has affirmed the Issuer Default Rating ('IDR') of Jubilant Pharma , the wholly owned subsidiary of the Company, at 'BB' and has revised the Outlook on JPL's Long-Term IDR to Negative, from Stable – Avoid
·         Shree Cement -  Union Cement Company, a step-down subsidiary of Shree Cement (situated in UAE), presently holds 60% Equity Capital of Union Cement Norcem . LLC situated in UAE ("UCN"). Shree Global has agreed to acquire remaining 40% stake in UCN positive
·         Centerac Technologies approves fund raising through OCDs (Operational Convertible Debenture) – positive
·         JSW Steel - JSW Ispat Special Products announces slump sale of Raipur facility to Mivaan Steels – Positive
·         Bharti Airtel - Positive - Mobile user count in India fell by 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers. Reliance Jio lost about 1.29 crore wireless subscribers, and that pulled down its mobile subscriber tally to 41.57 crore in December 2021. Vodafone Idea lost 16.14 lakh mobile subscribers, and its base stood at 26.55 crore in December 2021. In contrast, Airtel gained 4.75 lakh customers, ramping up its wireless user base to 35.57 crore.
·         Poonawalla Fincorp - After seeing flat growth in assets under management (AUM) till Q3FY22, Poonawalla Fincorp  expects to increase the monthly disbursement of loans from around Rs 600 crore now to Rs 1,000 crore till March 2023. It is looking to cross AUM of Rs 21,000 crore by the end of FY23. - positive
·         RITES entered into a MoU with IIT Madras to cooperate and explore marine infrastructure works.- positive
·         Easy Trip has fixed Feb. 25, 2022 as the record date of bonus in the ratio of 1:1- positive
·         Coal India aims up to 670mn tons shipment in FY22 - says chairman - positive 
·         Ambuja Cement’ announced lower than expected Q4 results due to higher variable costs (up 31% YoY/27% QoQ). EBITDA was at Rs570cr  v/s estimated Rs670cr and EBITDA/t was at Rs811 v/s estimated Rs1043. Adj. Profit was at Rs300cr v/s estimated Rs410cr. The company has announced clinker capacity addition of 3.2mtpa at Bhatapara, Chhattisgarh and grinding capacity additions of 7mtpa (Sankrail and Farakka in West Bengal and Barh in Bihar).
·         Nestle announced better than expected  Q4 Ebitda and Ebitda margin. Company reported Q4 Net profit Rs387cr (down 20% YoY) - expectation Rs530cr, one-time loss Rs236.5cr, Ebitda Rs865.7cr (up 11.4% YoY) - expectation Rs810cr, Ebitda margin 23.1% vs 22.1% (YoY) - expectation 21.5% dividend Rs65 a share and income Rs 3740cr (down 3.7% YoY)- expectation Rs3880cr Open / Comment

2022-02-18 06:07:41 ·         Lupin: The U.S. FDA has approved the company’s supplemental new drug application to expand the use of SOLOSEC (secnidazole) in the treatment of bacterial vaginosis and trichomoniasis. - Positive
·         Hinduja Global Solutions: The company has approved acquisition NXTDIGITAL, a related party of the company. It approved share entitlement ratio of 20:63 – positive
·         Adani Ports: The company has received NCLT approval for composite scheme of arrangement between Brahmi Tracks Management Services and Adani Ports and Special Economic Zone, and Adani Tracks Management Services and Sarguja Rail Corridor.- positive
·         Hero MotoCorp -  Hero Electric has withdrawn its application seeking an injunction against Hero MotoCorp from using the Hero brand name for its Electric Vehicles.- Positive
·         Torrent Power - CRISIL has upgraded the long term credit rating of non-convertible debentures and long term bank facilities of the company to 'AA+/Stable' from 'AA/Positive'- positive
·         Bajaj Consumer Care - The company has launched a new product, Bajaj Coco Onion, a non-sticky coconut hair oil.- positive
·         Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 22.65 lakh shares between Feb. 15 and Feb. 16.
·         Jubilant FoodWorks: Promoter Jubilant Consumer created a pledge of 2 lakh shares between Feb. 14 and Feb. 15.
·         HCL Technologies: Promoter Vama Sundari Investments (Delhi) bought 15.51 lakh shares between Feb. 11 and Feb. 15.- Positive
·         Uttam Sugar: The company has redeemed 50,000, 10% non-cumulative redeemable preference shares of Rs 100 each alongwith premium of Rs 109 on each share. – positive
·         Confidence Futuristic Energetech: The company has acquired 50% stake in Maruti Koatsu Cylinders based in Halol, Gujarat. - positive
·         CSB Bank: The bank has appointed Pralay Mondal as the deputy managing Director.- positive
·         Hikal received a notice from the Maharashtra Pollution Control Board .  The state pollution board sent a notice to Hikal to close its manufacturing unit in Taloja.- Negative
·         Maruti said it has partnered with Quiklyz by Mahindra Finance, for its vehicle subscription program, Subscribe.- positive
·         Suumaya Industries-led subsidiary completes acquisition in White Organic Retail. Suumaya Retail Limited is the Wholly-Owned Subsidiary of the Company.- positive
·         M&M in the exercise of its Call Option under the relevant Shareholders Agreement (SHA), has signed a Share Purchase Agreement not exceeding Rs7.005 crore for acquiring not more than 21,875 equity shares of Rs10 each at a premium of Rs3,192.23 per equity share from the existing shareholders of M.I.T.R.A. Agro Equipments Private Limited (MITRA), an Associate of the Company. – Long term positive
·         Ind-Ra affirms rating on fund-based limits at 'AA/Stable/IND A1+' of Jubilant Ingrevia – Positive
·         SBL Infratech launched its new project today in the name of “SBL Farms”. The new project is located at village NangalLakha, Tehsil Bansur, district Alwar, Rajasthan – positive
·         Indian Overseas Bank - Brickwork withdraws rating for tier II bonds worth Rs500 crore of Indian Overseas Bank – positive
·         Gravita India announced that “Refined Lead” of 99.98% purity and above produced by the company from its Chittoor plant has been impanelled as approved Lead brands deliverable against MCX Lead futures contract.- positive
·         M&M associate Mitsubishi Mahindra Agricultural Machinery transfers agricultural facility business within the group – positive
·         Vedanta clarified over a buzz claiming that the company has partnered with Foxconn to make semiconductors in India.- positive
·         DFM Foods Ltd has informed that CARE Rating agency has reaffirmed the bank ratings of the company where long-term ratings has been reaffirmed at CARE A / Negative (outlook revised from stable) – Avoid Open / Comment

2022-02-18 06:07:41 News and Impact
 
·         Expects market to open on a soft note on account of weak global markets. Geo-political tension between Russia-Ukraine and the prospect of tightening Federal Reserve monetary policy pulled down across the global markets. Traders shifted from equity to gold after the U.S. ramped up warnings of a possible Russian attack on Ukraine. Gold price spiked to 8-month high of above $1900/ounce. The US President Joe Biden said "every indication we have is that they're prepared to go into Ukraine." However, positive factor that the oil price cool down by 6% from recent high on expectation of diplomatic nuclear deal solution between US-Iran.  Traders caution apply in the market and avoid bargain hunting till clear trend emerge due to geo-political tension, continued FIIs selling and US Fed may aggressively hike interest rate in the next policy meeting.  SGX Nifty slipped by 0.3% or 54 points while US Future is flat to positive. Yesterday, FIIs were net sellers Rs1242cr while DIIs were net buyers Rs901cr
·         Wall Street stocks ended an ugly session sharply lower Thursday on rising worries about a potential Russian invasion of Ukraine as markets shrugged off good earnings from Walmart and others. Dow Jones finished down 1.8 percent, a loss of more than 620 points. The broad-based S&P 500 fell 2.1 percent while the tech-rich Nasdaq Composite Index slumped 3 percent.
·         Asian Stocks extended a selloff Friday and investors sought havens including bonds and gold on geopolitical risks from the Ukraine standoff. Shares retreated in Japan, South Korea and Australia index slipped 1% each.
·         European equities ended lower nearly half to one percent on Thursday as investor concerns over growing geopolitical tensions around Ukraine outweighed the positive impact of a flurry of corporate earnings.
·         Gold advanced to an eight-month high above $1,900 an ounce as the prolonged standoff over Ukraine stoked demand for havens.
·         Oil prices fell about 2 percent to below $93/bbl as talks to resurrect a nuclear deal with Iran entered their final stages, which could unlock more crude supplies, but losses were limited by heightened tensions between top energy exporter Russia and the West over Ukraine.
·         Actionable -  Kotak Bank, Nestle, BSE, Adani Port, HCL Tech
·         Results – R Systems
·         Events – Escorts Board meeting, Ex-Date Interim Dividend: Amrutanjan Health Care, Aurobindo Pharma, Shyam Metalics Ex-Date Buy Back of Shares: Gulf Oil Lubricants India
·         Brokers Radar – Morgan Stanley TGT on Nestle at 15712, Credit Swiss TGT raised on Nestle to 20000 from 19500
·         Market Summary - Reliance Industries Lists Existing $7 Billion Foreign Currency Bonds On India INX, BSE Ebix and LIC join hands for distribution of insurance products, Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23, RITES, IIT-Madras Sign MoU For Marine Infra Works, Maruti partners with Quicklyz by Mahindra Finance. HIKAL Ltd receives closure notrice for Taloja unit from MPCB.
·         Wipro names Jasjit Singh Kang as head of digital operations - Positive
·         Reliance Industries lists its existing foreign currency bonds aggregating over $7 billion on India INX, the largest such listing by a private entity in India INX and GIFT IFSC. - positive
·         BSE Ltd's joint venture with Ebix Fincorp Exchange, BSE Ebix Insurance Broking  signed insurance broker agreement for distribution of Life Insurance Corporation products on its platform. BSE Ebix will offer its clients insurance products offered by LIC such as Life and Health, using its digital presence. - Positive for BSE.
·         Puravankara Group's Subsidiary Debuts Its First Residential Offering In Kerala. The venture will see project value of Rs 3,000 crore and is one of the four projects that has received inflow of capital from International Finance Corporation and IFC Emerging Asia Fund – Positive Open / Comment

2022-02-17 09:02:56 Vedl@372 tgt380++ sl368 Open / Comment

2022-02-17 06:00:03 ·         Emami sets up new subsidiary in Dubai for business purposes – positive
·         Lakshmi Machine Works incorporates wholly-owned subsidiary in UAE – positive
·         CRISIL upgrades 'AA-/Stable' rating on Hatsun Agro Products' long-term bank facilities – positive
·         Wheels India - CRA has downgraded its long-term rating for bank lines of Wheels India Limited to ‘ICRA A-‘, from ‘ICRA A’ earlier while keeping the outlook stable – Avoid
·         Torrent Power completes transaction of acquisition of 100% stake in SPV - Visual Percept Solar Projects – positive
·         Cyient Launches Private 5G Center of Excellence - Signs MoU with IIT Hyderabad for Research Collaboration – positive
·         GHCL approves additional Rs83cr capital budget for spinning division - positive 
·         Dynamix group - Real-Estate developer aims to launch close to 1.1 mn sq. ft of projects in 2022, in addition to its ongoing works of 2.2 million sq. ft in Thane and Mumbai - positive
·         BSL Ltd - India Ratings and Research (Ind-Ra) has assigned BSL Limited (BSL) a Long-Term Issuer Rating of 'IND BBB'. The Outlook is Stable.- positive
·         Indoco forms unit in UK for pharmaceutical formulation sales - positive
·         GAIL India Ltd plans to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it doubles down on efforts to expand infrastructure to helm the government vision of a gas-based economy.- positive
·         Innovator Facade Systems wins Rs70cr order from Lodha group - positive
·         Savita Oil Technologies Q3 net sales of Rs738.35 (up 38% YoY), Net profit Rs56.53cr (down 30.3% YoY) and Ebitda Rs81cr (down 30.5% YoY)
·         Pancea Biotech Q3 net sales of Rs156 (up 10% YoY), Net loss Rs49.20cr vs loss Rs40cr (YoY) and Ebitda Rs13.52cr (down 21% Open / Comment